{"id":45759,"date":"2026-04-28T14:23:57","date_gmt":"2026-04-28T14:23:57","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%84%8f%e5%a4%a7%e5%88%a93%e6%9c%88%e7%94%9f%e4%ba%a7%e8%80%85%e7%89%a9%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88ppi%ef%bc%89%e6%8c%89%e6%9c%88%e4%b8%8a%e5%8d%874-4%ef%bc%8c%e6%89%ad%e8%bd%ac2%e6%9c%88\/"},"modified":"2026-04-28T14:23:57","modified_gmt":"2026-04-28T14:23:57","slug":"%e6%84%8f%e5%a4%a7%e5%88%a93%e6%9c%88%e7%94%9f%e4%ba%a7%e8%80%85%e7%89%a9%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88ppi%ef%bc%89%e6%8c%89%e6%9c%88%e4%b8%8a%e5%8d%874-4%ef%bc%8c%e6%89%ad%e8%bd%ac2%e6%9c%88","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%84%8f%e5%a4%a7%e5%88%a93%e6%9c%88%e7%94%9f%e4%ba%a7%e8%80%85%e7%89%a9%e4%bb%b7%e6%8c%87%e6%95%b0%ef%bc%88ppi%ef%bc%89%e6%8c%89%e6%9c%88%e4%b8%8a%e5%8d%874-4%ef%bc%8c%e6%89%ad%e8%bd%ac2%e6%9c%88\/","title":{"rendered":"\u610f\u5927\u52293\u6708\u751f\u4ea7\u8005\u7269\u4ef7\u6307\u6570\uff08PPI\uff09\u6309\u6708\u4e0a\u53474.4%\uff0c\u626d\u8f6c2\u6708\u4e0b\u8dcc0.4%\u7684\u8d70\u52bf"},"content":{"rendered":"

\u610f\u5927\u52293\u6708\u751f\u4ea7\u8005\u4ef7\u683c\u6307\u6570\uff08PPI\uff0c\u8861\u91cf\u5de5\u5382\u51fa\u5382\u4ef7\u7684\u6307\u6807\uff09\u6309\u6708\u4e0a\u53474.4%\uff0c\u6b64\u524d\u4e00\u671f\u4e3a\u4e0b\u8dcc0.4%\u3002<\/p>\n

\u6700\u65b0\u6570\u636e\u4ece\u4e0b\u8dcc\u8f6c\u4e3a\u4e0a\u5347\uff0c\u663e\u793a3\u6708\u751f\u4ea7\u7aef\u4ef7\u683c\u4e0a\u6da8\u901f\u5ea6\u52a0\u5feb\u3002<\/p>\n

\u751f\u4ea7\u8005\u4ef7\u683c\u51b2\u51fb\u4e0e\u901a\u80c0\u4fe1\u53f7<\/h3>\n

\u610f\u5927\u5229PPI\u6309\u6708\u5927\u6da84.4%\u5c5e\u4e8e\u660e\u663e\u51b2\u51fb\uff0c\u5c24\u5176\u662f\u5728\u5e02\u573a\u539f\u672c\u9884\u671f\u4f1a\u4e0b\u8dcc\u7684\u60c5\u51b5\u4e0b\u3002\u8fd9\u7b49\u4e8e\u5b8c\u5168\u626d\u8f6c\u4e862025\u5e74\u5927\u90e8\u5206\u65f6\u95f4\u7684\u201c\u901a\u80c0\u653e\u7f13\u201d\uff08disinflation\uff0c\u6307\u901a\u80c0\u7387\u4e0b\u964d\u4f46\u4ef7\u683c\u4ecd\u5728\u6da8\uff09\u7684\u8d70\u52bf\uff0c\u5f53\u65f6\u751f\u4ea7\u8005\u4ef7\u683c\u7ecf\u5e38\u6301\u5e73\u6216\u4e3a\u8d1f\u3002\u5de5\u5382\u51fa\u5382\u6210\u672c\u5982\u6b64\u5feb\u901f\u4e0a\u5347\uff0c\u662f\u81ea2022\u5e74\u80fd\u6e90\u4ef7\u683c\u98d9\u5347\u4ee5\u6765\u6700\u660e\u663e\u7684\u4e00\u6b21\uff0c\u610f\u5473\u7740\u901a\u80c0\u53ef\u80fd\u518d\u5ea6\u52a0\u901f\u3002<\/p>\n

\u8fd9\u9879\u6570\u636e\u76f4\u63a5\u6311\u6218\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u7684\u8c28\u614e\u7acb\u573a\uff0c\u4f7f\u201c\u4eca\u5e74\u590f\u5929\u964d\u606f\u201d\u7684\u53ef\u80fd\u6027\u5927\u5e45\u964d\u4f4e\u3002\u53ef\u8003\u8651\u505a\u7a7a\u5229\u7387\u671f\u8d27\uff08\u53cd\u6620\u5e02\u573a\u5bf9\u672a\u6765\u5229\u7387\u9884\u671f\u7684\u5408\u7ea6\uff09\uff0c\u5c24\u5176\u662f\u5fb7\u56fd\u56fd\u503a\uff08Bund\uff09\u671f\u8d27\u4e0e\u610f\u5927\u5229\u56fd\u503a\uff08BTP\uff09\u671f\u8d27\uff0c\u56e0\u4e3a\u5e02\u573a\u53ef\u80fd\u8fc5\u901f\u8ba1\u5165\u66f4\u5f3a\u786c\u7684\u6b27\u6d32\u592e\u884c\u7acb\u573a\u3002\u8fd1\u671f\u6b27\u6d32\u592e\u884c\u5b98\u5458\u5f3a\u8c03\u201c\u6570\u636e\u4e3a\u672c\u201d\uff08data-dependent\uff0c\u6309\u6700\u65b0\u6570\u636e\u51b3\u5b9a\u653f\u7b56\uff09\uff0c\u8fd9\u7c7b\u6570\u636e\u5f88\u96be\u88ab\u5ffd\u89c6\u3002<\/p>\n

\u5bf9\u80a1\u5e02\u800c\u8a00\uff0c\u66f4\u9ad8\u7684\u901a\u80c0\u538b\u529b\u662f\u5229\u7a7a\uff1a\u501f\u8d37\u6210\u672c\u4e0a\u5347\u3001\u539f\u6750\u6599\u4e0e\u4e2d\u95f4\u6295\u5165\u66f4\u8d35\uff0c\u4f1a\u6324\u538b\u4f01\u4e1a\u5229\u6da6\u7387\u3002\u9700\u63d0\u9632\u6b27\u6d32\u4e3b\u8981\u80a1\u6307\u8d70\u5f31\uff0c\u4f8b\u5982\u6b27\u5143\u533a\u84dd\u7b79\u6307\u6570Euro Stoxx 50\uff08\u6b27\u5143\u533a50\u53ea\u5927\u578b\u80a1\u6307\u6570\uff09\u6b64\u524d\u63a5\u8fd1\u5386\u53f2\u9ad8\u4f4d\u3002\u53ef\u901a\u8fc7\u6307\u6570\u671f\u8d27\u5efa\u7acb\u770b\u8dcc\u4ed3\u4f4d\uff0c\u6216\u4e70\u5165\u8ba4\u6cbd\u671f\u6743\uff08put options\uff0c\u4ef7\u683c\u4e0b\u8dcc\u65f6\u83b7\u5229\u7684\u6743\u5229\u5408\u7ea6\uff09\u6765\u8868\u8fbe\u89c2\u70b9\u3002<\/p>\n

\u5728\u5916\u6c47\u5e02\u573a\uff0c\u8fd9\u7c7b\u6570\u636e\u901a\u5e38\u5229\u591a\u6b27\u5143\uff0c\u56e0\u4e3a\u66f4\u9ad8\u7684\u5229\u7387\u9884\u671f\u5f80\u5f80\u652f\u6491\u8d27\u5e01\u8d70\u5f3a\u3002\u53bb\u5e74\u6b27\u5143\u504f\u5f31\uff0c\u539f\u56e0\u4e4b\u4e00\u662f\u6b27\u5143\u533a\u901a\u80c0\u4e0b\u6ed1\u5feb\u4e8e\u7f8e\u56fd\uff1b\u4f46\u8fd9\u4e00\u8d8b\u52bf\u53ef\u80fd\u5f00\u59cb\u53cd\u8f6c\u3002\u53ef\u8003\u8651\u505a\u591a\u6b27\u5143\u5151\u7f8e\u5143\uff0c\u5e76\u7528EUR\/USD\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u4e0a\u6da8\u65f6\u83b7\u5229\u7684\u6743\u5229\u5408\u7ea6\uff09\u6765\u63a7\u5236\u98ce\u9669\u3002<\/p>\n

\u5982\u6b64\u5e45\u5ea6\u7684\u201c\u6570\u636e\u610f\u5916\u201d\u4f1a\u663e\u8457\u589e\u52a0\u4e0d\u786e\u5b9a\u6027\uff0c\u5e76\u53ef\u80fd\u63a8\u9ad8\u5e02\u573a\u6ce2\u52a8\u3002VSTOXX\uff08\u8861\u91cfEuro Stoxx 50\u9690\u542b\u6ce2\u52a8\u7387\u7684\u6307\u6807\uff0c\u7c7b\u4f3c\u6b27\u6d32\u7248\u201c\u6050\u614c\u6307\u6570\u201d\uff09\u76ee\u524d\u572814\u9644\u8fd1\uff0c\u5728\u65b0\u7684\u901a\u80c0\u5a01\u80c1\u4e0b\u53ef\u80fd\u504f\u4f4e\u3002\u53ef\u8003\u8651\u505a\u591a\u6ce2\u52a8\u7387\u671f\u8d27\uff0c\u6216\u4f7f\u7528\u8de8\u5f0f\u7b56\u7565\uff08straddle\uff0c\u540c\u65f6\u4e70\u5165\u540c\u4ef7\u4f4d\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u62bc\u6ce8\u5927\u6ce2\u52a8\u4e0d\u62bc\u65b9\u5411\uff09\u6765\u6355\u6349\u5e02\u573a\u6d88\u5316\u51b2\u51fb\u65f6\u7684\u6ce2\u52a8\u653e\u5927\u3002<\/p>\n

\u4e3a\u66f4\u9ad8\u6ce2\u52a8\u505a\u90e8\u7f72<\/h3>\n","protected":false},"excerpt":{"rendered":"

\u610f\u5927\u52293\u6708PPI\u6309\u6708\u98d94.4%\u9006\u8f6c\u524d\u503c\u8dcc0.4%\uff0c\u901a\u80c0\u518d\u71c3\u8b66\u62a5\uff01\u6216\u524a\u5f31ECB\u590f\u5b63\u964d\u606f\u673a\u7387\uff0c\u9707\u8361\u503a\u80a1\uff0c\u6b27\u5143\u4e0e\u6ce2\u52a8\u7387\u4ea4\u6613\u673a\u4f1a\u6d6e\u73b0\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-45759","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=45759"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}